Murray Mark F. 4
4 · JONES SODA CO. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Jones Soda (JSDA) Director Mark F. Murray Converts 186,876 RSUs to Shares
What Happened
Mark F. Murray, a director of Jones Soda Co. (JSDA), converted restricted stock units (RSUs) into common shares on December 31, 2025. The Form 4 shows two derivative conversions of 93,438 shares each (totaling 186,876 shares). The conversions carried a $0.00 per-share cost (RSUs settled one-for-one into shares with no cash consideration).
Key Details
- Transaction date(s): December 31, 2025. Two derivative-conversion entries of 93,438 shares each (total 186,876 shares).
- Reported price: $0.00 per share (RSUs converted on vesting; no cash payment required).
- Filing date: January 29, 2026 — more than two business days after the Dec 31, 2025 transaction, so the Form 4 appears to have been filed late.
- Shares owned after transaction: not disclosed in the excerpt provided; check the full Form 4 for post-transaction beneficial ownership.
- Relevant footnotes from the filing:
- F1/F2: These were RSUs converting one-for-one into common shares on vesting; holders pay no consideration on vesting.
- F3: The RSUs were part of a July 18, 2025 grant of 460,003 RSUs — 50% vested July 31, 2025, 25% vested Sept 30, 2025, and the remaining 25% were scheduled to vest Dec 31, 2025.
Context
This was a conversion/settlement of RSUs (derivative conversion), not an open-market purchase or sale. RSU vesting and conversion into shares is typically routine compensation settlement and does not by itself indicate a buy or sell market signal. Because the filing was submitted weeks after the transaction date, investors may want to review the full filing for any additional disclosures and confirm total post-transaction holdings.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2025-12-31+93,438→ 2,406,136 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2025-12-31+93,438→ 93,438 total→ Common Stock (93,438 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") converted into shares of the issuer's common stock on a one-for-one basis on the vesting date. RSUs do not require the holder to pay any consideration on vesting.
- [F2]Each RSU represents a contingent right to receive one (1) share of the issuer's common stock upon settlement.
- [F3]On July 18, 2025, the reporting person was granted 460,003 RSUs, of which 50% vested into shares on July 31, 2025, an additional 25% vested into shares on September 30, 2025, and the remaining 25% are scheduled to vest into shares on December 31, 2025. Upon vesting, the reporting person will receive a number of shares of the issuer's common stock equal to the number of RSUs that vest on that date.